Arab Today, arab today chinas zoomlion eyes farm machinery after 340m deal
Last Updated : GMT 04:05:59
Arab Today, arab today
Arab Today, arab today

China's Zoomlion eyes farm machinery after $340m deal

Arab Today, arab today

Arab Today, arab today China's Zoomlion eyes farm machinery after $340m deal

Zoomlion
Beijing - XINHUA

Zoomlion, China's leading construction machinery producer, has signed a deal worth 340 million U.S. dollars to purchase a majority share in farm machinery maker Chery Heavy.
In deals signed Tuesday, Zoomlion Heavy Industry Science & Technology Development Co., Ltd, based in the central China's Changsha City, purchased 1.8 billion shares, or 60 percent of Chery Heavy Industry Co., Ltd, for 2.08 billion yuan.
Domestic leading private equity company, Hony Capital, purchased 600 million shares of Chery Heavy for 696 million yuan.
Zoomlion plans on using the acquisition to help modernize China's farming equipment, said Zhan Chunxin, chairman of Zoomlion in Beijing on Wednesday.
China's agricultural machinery sector is estimated to reach 400 billion yuan or more in 2015. It is expected to exceed 500 billion yuan by 2018.
Foreign brands still occupy a big part of the medium and high-end large farm machinery market in China.
Chery Heavy's revenues reached 3.86 billion yuan in 2013, with its total assets at 8.7 billion yuan.
In 2013, Zoomlion's operating income fell nearly 20 percent to reach 38.5 billion yuan and its net profits dropped 47 percent to 3.8 billion yuan.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinas zoomlion eyes farm machinery after 340m deal Arab Today, arab today chinas zoomlion eyes farm machinery after 340m deal

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday